Mobile Video Developer

French Mobile Video Developer Eyeka Raises $4.8 Million

Authored by Mark Hefflinger on March 28, 2006 - 10:39am.

Paris - Eyeka, a France-based provider of mobile video and image service applications, announced that it has secured $4.8 million in first-round venture-capital financing just months after the company was founded. Paris-based Ventech Capital and U.K.-based DN Capital led the round. Eyeka said DN Capital's expertise in digital media and strong presence in the U.K. and U.S. would be "crucial" for its international expansion. The French firm said it would use the investment to develop its platform and hire new staff.

Mobile Video Developer Hantro Secures Additional $5.2 Million Investment

Authored by Mark Hefflinger on January 11, 2005 - 10:39am.

Helsinki -- Hantro Oy, a Finland-based provider of video enabling technology for mobile handsets, announced this week that it has secured a further $5.2 million investment. A group led by CapMan, Nexit Ventures and Menire led the round. Hantro said it would use the investment to strengthen its position in the global marketplace. "Throughout the last year, it has been increasingly obvious that video services are forming a central part of the network operators' strategies for increasing average revenue per user (ARPU)," said Hantro founder and CEO Eero Kaikkonen. "Whilst we have heard some mention of proprietary formats for video compression, it is clear that the preference is for standards based technology, such as MPEG4 Simple Profile, H.263 and MPEG4 AVC / H.264." Hantro's current customers include Nokia, Agere, Freescale, T-Mobile, Vodafone, Alcatel, Quanta and Mtekvision.

tags: Investment | Mobile Video Developer | Hantro |